The Insolvency (Scotland) Regulations 2003

Amendment of section 7 of the ActU.K.

8.—(1) In section 7(1) of the Act (meaning of apparent insolvency), after paragraph (b) insert–

(ba)he becomes subject to main proceedings in a member State other than the United Kingdom;.

(2) In section 7(2) of the Act–

(a)the word “or” immediately following sub-paragraph (a) is repealed; and

(b)at the end of sub-paragraph (b) after “due” there is inserted

; or

(c)subsection (1)(ba), when main proceedings have ended.